Ukraine says UK court suspends judgment until Kyiv appeal of $3 bln Russia bond ruling – media

22:55, 26 July 2017
Economy
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A London court has agreed to a request from Ukraine to suspend judgment in a $3 billion eurobond case brought by Russia until Kyiv's appeal against the verdict is concluded, the Ukrainian finance ministry said on Wednesday, according to Reuters.

REUTERS

"The Court accepted Ukraine's position and granted a further suspension of the judgment until Ukraine's appeal has been concluded," the ministry said, Reuters reported.

Read alsoCabinet to place Eurobonds at $2 bln in 2018 – NBUIt said the appeal would be heard by the English Court of Appeal in January 2018.

The case between the two adversarial governments centers on $3 billion lent by Russia in December 2013 to Ukraine under pro-Moscow former President Viktor Yanukovych. The debt was structured in the form of a eurobond governed by English law.

Moscow wants the bond to be repaid in full but Ukraine, which now has a pro-Western government, says Russia should have participated in a 2015 restructuring of its sovereign eurobonds.

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